Salt Lake Telegram | 1932-05-03 | Page 1 | Sponsor of Bounds Bill Hits Critics

I SPONSOR OP OF BONUS BilL HITS CRITICS Charges Flood of Inspired Propaganda Loosed by Opponents DENIES TREASURY RAID Says Legion Posts Forced to Fight Payment D Br lb Associated ted Tress Press WASHINGTON May 3 3 Patman Palman D. D Texas charged before the house ways was and means committee that a flood of inspired propaganda had been loosed in the country against the cash bonus payment pay pay- ment mentA A leading sponsor of the new mone money outlay Patman opened rebuttal testimony before the com corn He said 98 per cent of the thc American legion membership favors the thc payment The Thc committee today loday closed al aU all hearings on the thc bill and will mee meet behind closed doors Thursday to begin consideration of the plan Patman Palman presented huge newspaper advertisements aga against the bonus I 1 have tried to fin find out Who vho is paying for them but cannot he said The rhe newspapers will only say they received for printing it it Patman Palman also said pressure had been brought on legion leion posts to prevent them from favoring favorin cash redemption of or the bonus certificates I do not see how anyone consistently con con- can vote for the Goldsborough Goldsborough Golds Golds- Goldsborough borough stabilization bill and an and then vote against this p plan an Patman atman atman said The no- no house sc passed the Goldsborough bill to stabilize prices by a 3 vote of 89 to lo 60 ASSAILS S EXPERTS Patman said The same experts who have had charge of ot our financial and economic systems the past few years have appeared against this bill The fact that our country is in the condition it is in is the thc best evidence that they are not capable of giving sound advice or that they have not acted upon sound advice he said Patman suggested a change in his bill for pay paying in the certificates in treasury notes so that 20 year 3 2 1 per cent bonds ponds would be issued These bonds could then be sold to control the expansion which the thc opponents have attacked ed as dangerous danger danger- ous Patman said Mr M Mills the Texan said has charged the proponents of this this' measure measure meas meas- ure and all who are arc supporting it il with wilh attempting to lo make a raid upon the treasury that we have a dishonest device which of course coulse can only be conceived by dishonest people ANSWERS MILLS StILLS Such a charge comes with wilh poor grace from Mr 1 Mills the secretary of ot the hc treasury If It we are arc attempting to raid the thc treasury wh which ch we deny we are doing doing doing do do- ing it in the broad daylight b by laying all of our cards on the table lable face up and by getting gelling legislative approval backed jacked by public support a after ler all the facts are arc known Let us see if the secretary of the treasury has been as frank and honest as we have been been